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Chapter 3.1: What’s the Price of Your Dreams?: Make the Game Winnable
money, he’ll get connection, all right, but not the connections he wants and needs! Growth and
Contribution? By his demeanor, I doubt these were at the top of this young man’s list when he named
So when you look at the human needs, which one do you think drives him the most? Clearly, it’s
Significance. As he said, with a billion dollars, people would take him seriously; he would matter.
This might be true. But the problem is when he gets a billion, it still won’t be enough—because when
you seek Significance, you’re always comparing yourself with someone else. And there’s always
someone bigger, taller, stronger, faster, richer, funnier, younger, more handsome, more beautiful, with
a bigger yacht, a nicer car, a nicer home. So while there’s nothing wrong with significance, if you
make it your number one need, you’ll never be fulfilled.
But rather than lecture him, I decided to show him he could feel significant with a lot less
money—which would make his life a lot easier. After all, he was just picking his number out of the
sky. Saying he needed $1 billion made him feel like he was going after an important goal. But the
problem is, when you have this huge goal in your head—if in your gut you don’t believe it’s going to
happen—your brain rejects it. It’s like living a lie. Have you ever done this? Come up with some
ginormous goal, and then a voice in your head pops up to say, “Who are you kidding?” The truth is,
you’ll never make it happen until it sinks deep into your subconscious—the part of your mind so
powerful that it makes your heart beat 100,000 times a day without your ever having to think about it.
Have you ever been driving your car and gotten lost in thought and then suddenly looked up and
realized, “Holy sh*t, who’s been driving my car for the last five minutes?!” Thankfully, it was the
amazing protector of life, your subconscious mind.
To get an idea of how this process works, take a look at the image below. Imagine your brain
divided into an upper half and a lower half; the upper half is the conscious mind, while the lower half
is your subconscious.
Ideas keep trying to lodge in your head, such as “I’m going to make ten million dollars!” or “I’m
going to be financially free by the time I’m forty!” But your upper, conscious brain goes, “Screw you!
There’s no way in hell that will happen!” It quickly rejects the big idea and bounces it back out into
space like a tennis ball. But if you resolve within yourself the sense of absolute certainty that “I’m
going to do this!” and then you start to build a plan—something extraordinary happens. You begin to
develop the certainty you can actually achieve it. And with newfound confidence, you suddenly see
there is a way to get it done. You’ll find a role model who’s already achieving what you’re after, and
you’ll take massive action. The goal seeps down into your subconscious, and it goes to work to
make your dream a reality. That’s when the magic happens!
Now, I doubt that you think you need $1 billion to fulfill your financial dreams. But I’d be willing
to bet that the number you chose to feel financially secure or independent is pretty intimidating.
Almost everybody makes that number bigger than it needs to be, because he or she doesn’t take the
time to calculate what it really costs to live at different lifestyle levels. And that’s why so many never
begin to work toward it. They talk a good game, get excited about it, they tell people their big dream,
but they never act on it. Why? Because psychologically they don’t have Certainty that they can do it.
And Certainty is the first human need that influences our behavior or actions. Fact. If you’ve failed to
act in your financial world, it’s partly because you’re uncertain, you’re unsure as to what is right or
wrong and which approach will succeed or fail. Or you’re feeling overwhelmed by the complexity of
the system that no one has taken the time to walk you through with clarity. With uncertainty, we default
to doing nothing or at least procrastinating. We put off until tomorrow what we need to do today.
To help my would-be billionaire friend identify the real price of his dreams, so that they could
lodge in his unconscious and become real, I asked him some questions. They’re the same kinds of
questions I’ll be asking you in a moment to guide you on your path.
I started by asking my young friend what his lifestyle would be like if he had a billion dollars. He
thought for a moment and then said, “I’d have my own Gulfstream!”
“Your own jet!” I said. “Where will you fly to?”
He said, “Well, I live in New York. I’d probably fly down to the Bahamas. And I’d probably fly to
LA for some meetings.”
I had him write down how many times he’d fly in a year, and he figured it was probably a
maximum of 12 flights. And how much would a jet cost him? We looked it up, and a long-distance
Gulfstream G650 would cost him about $65 million; a slightly used Gulfstream IV would only set him
back about $10 million. Not including fuel, maintenance, and crew. Then we looked up the cost of
chartering a private jet instead of owning one: a midsize jet was all he really needed for himself and
three family members to fly, and that’s around $2,500 an hour. He would be flying for maybe 100
hours a year for a grand total of $250,000 per year, or around $5,000 per hour; or $500,000 if he
wanted to fly by Gulfstream on every flight—still far less than the annual price of maintenance on
many jets, and at a cost that would be less than 1% of the cost of buying that Gulfstream. Even from
the stage, I could see his eyes lighting up and his mind working.
“So what else would you buy with your billion dollars?” I asked.
“A private island!”
That was something I could relate to. I own a small island paradise in the country of Fiji. It was a
wild dream I had early in my life to find an escape someday where I could take my family and friends
and live. In my early 20s, I traveled to islands all over the world searching for my Shangri-La. When
I arrived in Fiji, I found it. A place with not only magnificent beauty but beautiful souls as well. I
couldn’t afford it at the time, but I bought a piece of a little backpacker resort with 125 acres on the
island. I really didn’t have the money, and it probably wasn’t the best investment at first. But it was
part of what I call my Dream Bucket—something you’ll learn about later in this book. Still, I made it
happen, and I’m proud to say that over the years, I’ve purchased and converted it into a protected
ecological preserve with over 500 acres of land and nearly three miles of ocean frontage. I’ve turned
Namale Resort and Spa into the number one resort in Fiji for the last decade, and it’s consistently
rated among the top ten resorts in the South Pacific. But how often do I visit this paradise? With my
crazy schedule, maybe four to six weeks a year. So my dream has come true: everybody else has a
great time there!
I told my young friend, “If you want to enjoy your own island, you might not want to be in the hotel
business. And trust me, you’re only going to be there a few weeks a year at the most.” We looked up
the costs and found out he could buy an island in the Bahamas for $10 or so—and then he would have
to spend $30 million to $40 million to build a small resort! Or he could rent my friend Richard
Branson’s Necker Island resort for a week and bring all his friends and family for less than $350,000,
with a staff of 50 people to take care of them all. If he did that every year for a decade, it would only
cost $3.5 million versus $30 million to $40 million, with no work to maintain the property.
We worked through his list, and guess how much it would take to have the lifestyle he wants for the
rest of his life? When we added up the real cost of even his wildest dreams, not just his needs, it
came to a grand total of not $1 billion, not $500 million, not $100 million, not $50 million, but $10
million to have everything he dreamed of having in his lifestyle and never have to work to pay for it
—and his dreams were gigantic! The difference between $10 million and $1 billion is astronomical.
These numbers exist in different universes.
The challenge is, when we get to really big numbers, people’s minds don’t fathom what they really
mean. There’s a radical difference between a million, a billion, and a trillion. Even President Obama
uses the terms millionaires and billionaires in the same breath, as if they’re in any way related—
they’re not. Let me prove it to you. I’m going to give you a little test. I want you to think and make a
first guess as to the answer. This exercise will help you gain perspective on a million versus a billion
versus the figure the government now uses so often: a trillion. In fact, in Washington, a trillion is the
new billion, as they say.
My first question is: How long ago was one million seconds ago? Take a moment, even if you
don’t know—what do you guess?
The answer is: 12 days ago! How close were you? Don’t feel bad, most people have no clue. If
you got it, congratulations. Now we’re going to up the ante. Since you now have a perspective of
what a million is (a million seconds being 12 days ago), how long ago was a billion seconds ago?
Stay with me, come on; make a guess, commit to a number. The answer is: 32 years ago! How close
were you? For most people, they’re pretty far off. That’s the difference between a millionaire and
a billionaire: 12 days or 32 years! Do you see what I mean by saying they live in “different
universes”? You can never say “millionaires” and “billionaires” in the same breath and be talking
about the same thing.
Just to complete the thought: When you hear the US government has $17 trillion in debt, how much
is a trillion? Well, if a billion seconds was 32 years ago, how long ago was a trillion seconds? The
answer: nearly 32,000 years ago (31,689, to be exact)! When humans were not even called humans!
The point of this exercise is to get you to realize that we blur large numbers, and if you get
down to the facts, an extraordinary lifestyle probably costs less than you think it does.
But back to our would-be billionaire. Now, don’t get me wrong: $10 million is still a hefty sum but
probably within reach for this young entrepreneur over the course of his career. Who knows? He
might actually end up with a billion—if he invents the next Instagram. But what if he doesn’t? He
could still live the extraordinary life he was dreaming of for 99% less money than he thought he
needed. He wouldn’t need to be a billionaire to live like one.
I’ll be willing to bet that once you find out the real price of your dreams, the number it would take
for you to really get where you want to be is a lot less than you think! And always remember the
ultimate truth: life is not about money, it’s about emotion. The real goal is to have the lifestyle
you want, not the things. When you die, someone else gets those things anyway. They’re not yours. I
have no illusions: as much as I cherish and enjoy “my” resort in Fiji, I know I’m just the caretaker.
Someday someone else will own this property. But I love that I have nurtured it into a destination
where people from all over the world come to experience joy, romance, and adventure. It’s part of
my legacy—and that’s what gives me joy. Attaining possessions is not the goal. Money itself is not
the goal. Our worth is not measured by the weight of our bank accounts but, rather, by the weight of
our souls. The path to money, the places money can take us, the time and freedom and opportunity
money can bring—these are what we’re really after.
You can have it all. Just not all at once.
Take a moment now and think about what you really want your money to buy. Not everybody wants to
live like Donald Trump or Floyd “Money” Mayweather! Is your dream to travel the globe, exploring
ancient cities or photographing lions in the Serengeti? Is it owning your own beach house in the
Bahamas or a penthouse in New York? Is it starting your own business—the next Snapchat, or
creating an extraordinary contribution to humanity like the next Charity Water? Is it something as
simple as sending your kids to college and having enough left over for a house in the country with a
big vegetable garden? Or is your dream just peace of mind—knowing you can be free forever from
debt and worry? Wherever your dreams may take you, I’m going to show you a path to get there. Even
if you don’t get all the way to the summit, you can reach the dreams that matter most to you and
celebrate your victories along the way. Because money is a game of emotions, and we’re going to
come up with some numbers that will ring your bells and make you say, “I’m certain! I promise
myself I can get there!”
Like all journeys, before you get started, you’ll need to take stock of where you are. We’ll work
together on a few simple calculations. If you’ve never taken the time to figure out exactly what it’s
going to take to achieve your financial goals, you’re not alone. Often, many of those who have earned
millions of dollars haven’t developed a plan to sustain their lifestyle without having to work at least
some of the time. And as we’ve already said, more than half of Americans haven’t even tried to
calculate how much money they’ll need to retire, including 46% of all financial planners! Why don’t
we know our basic financial picture? The number one reason I’ve found, after hearing from hundreds
of thousands of people from a hundred different countries, is that people are afraid to know.
It’s like stepping on the scale. You know you’ve gained weight, but you don’t want to know how
much. It’s a form of denial; a way to put off making a change. High school wrestlers and professional
boxers step on that thing every day, so that if they’re off target on their weight, they’ll know right
away and can do something about it. You can’t manage your health if you can’t measure it. And
the same goes for your finances. You can’t reach your financial dreams unless you know precisely
how much it will take to get there. I’m here to help you set yourself apart from the masses who hide
their heads in the sand when it comes to their money. In a minute, we’ll do some quick, easy number
crunching to find out where you are and where you need to be. (If adding a few figures is a challenge
for you, remember that there’s a calculator on your phone! And you can also go to our app, which will
ask you the questions and calculate the numbers for you automatically. See
But first let’s look at those five financial dreams. When I say the words “financial security,”
“financial vitality,” “financial independence,” “financial freedom,” and “absolute financial freedom,”
do those sound like the exact same thing to you? Do they bring up emotions that feel different in your
body when you say them out loud? Give it a try. Which one feels higher: security or vitality? How
about vitality or independence? Independence or freedom? What about absolute freedom? Each of
these five financial dreams is incrementally bigger, isn’t it? And the numbers needed to reach them
would be different.
Of these five dreams, you may discover that you are committed to only two or three of them. For
some people, financial security alone is life changing and gives them enormous freedom. And so, in
designing this exercise, I’ve included these dreams as steps along the road to absolute financial
freedom. Or, if you remember that mountain earlier in this book, as base camps along the climb to the
summit. And remember, not all of us need or want to go all the way to the peak of Everest. For some
of us, financial vitality would be a blessing, and independence would put us over the moon! Not all of
these dreams are “musts” for everybody.
I’m going to invite you to read the five and pick the three that matter to you most—what I call the
Three to Thrive. You’ll have three targets: short-, medium-, and long-term goals. It’s set up this way
because we don’t build on failure; we build only on success. If you’re just shooting for the big
number in the distance, it might feel too far off, or even overwhelming, and as a result, you may never
truly begin the journey. We need a target close enough that we can feel certain it’s achievable, and in
the relatively near future. That’s what gets you to take action and turn a short-term goal into reality.
And remember to claim your victories along the way. Why wait until you’re financially independent
to celebrate? Why not win at different stages? That’s what encourages you, excites you, and gives you
It takes as much energy to wish as it does to plan.
What does security mean? Instead of telling you what it is, let me ask you: How amazing would you
feel if these five things were paid for as long as you live, without ever having to work to pay for them
1. Your home mortgage, for as long as you live—paid forever. You never have to work again to pay
for your house!
2. Your utilities for the home—paid forever. You never have to work to pay your phone bill or to
keep the lights on.
3. All the food for your family—paid forever.
4. Your basic transportation needs,
5. Your basic insurance costs—all of them paid for without your ever working another day in your
I’d bet that your quality of life would be pretty fulfilling, wouldn’t it? You’d feel pretty secure if
you knew these things were covered.
Now for some good news: Remember that number you wrote down earlier—the amount you
thought it would take to be financially secure and free? It was probably not as extreme as my billiondollar friend’s number but probably felt pretty large, didn’t it? Well, I’ll bet when you figure these
numbers out, you’re going to be surprised that the dream of Financial Security is probably a lot closer
than you think. Or if you’re one of the rare few who underestimate, you’ll have a reality check, and
you’ll know the precise number it will take to realize your financial dreams.
If you haven’t downloaded our free app already, do it now. Or use the worksheet below and jot
down what you pay for these five items on a monthly basis. It’s really simple: What’s your current
mortgage payment? (If you’re in an early stage of your life where you don’t own a home yet, put your
monthly rent here. Or you can estimate or check online what your mortgage payment would be on
something that may not be your ideal home, but more like a starter home.) If you have your records,
great. Next, what’s your utility bill each month? Third, what do you spend on food? Keep going, and
if you don’t have the numbers, take a guess—you can always go back and change them later, but you
don’t want to lose momentum. Let’s really get a number down that’s reasonable. Or pick up your bank
book or go online and get your numbers. Just to keep the momentum for you right now in case those
aren’t easily accessible, let me give you an example.
Do you remember my friend Angela, who I introduced to you in the first chapter? She’s 48 years
old and single. She’s trying to figure out what it would take to be financially secure. Her first guess
was $3 million. Could that be right? Or even in the ballpark? So I asked her to go through this
exercise, and write down her five basic monthly expenses. As it turned out, her numbers were almost
identical to the national averages, which you’ll see in the list here.
1. Rent or mortgage payment:
$____ per month (Angela’s Average: $1,060)
2. Food, household:
$____ per month (Angela’s Average: $511)
3. Gas, electric, water, phone:
$____ per month (Angela’s Average: $289)
$____ per month (Angela’s Average: $729)
5. Insurance payments:
$____ per month (Angela’s Average: $300)
$____ per month (Angela’s Average: $2,889)
Total basic monthly expenses: _______ × 12 = __________ per year
(US average basic annual expenses: $34,668)
When she was done, I had her add it up and multiply the monthly total by 12. That shows the annual
income she’ll need to cover these items for life—without working—to be financially secure. As you
can see, her number of $34,000 is virtually identical to the number for the average American.
Now, how would Angela be able to have $34,000 a year without working? Remember, she’s going
to build a money machine. She’s automated her savings of 10% of her income. She’s putting it in a
Roth 401(k), where it’s being invested in low-fee index funds with an estimated growth rate of 6%.
(This is the percent that Jack Bogle estimates the markets will return over the next decade. However,
the average stock market return has been 9.2% over the last 20 years.) We ran it through the wealth
calculator, which you’ll do in the next chapter, and she found out that instead of the $3 million she
thought it would take to achieve financial security, she would need to accumulate only $640,000 in
her Freedom Fund to have that $34,000 a year for the rest of her life—less than a quarter of the
amount she thought she needed!
At first she was shocked. She asked me in disbelief, “That’s all it would take for me to have this?
I’d still have to work, right?” I told her of course she would, but not to pay for her home, food,
utilities, transportation, or basic health care! By the way, these five items, on average, represent 65%
of most people’s expenses. So Angela now had a way to pay for 65% of her overhead without
working. And remember, most of us want to do something meaningful. Without work, we’re a little
crazy. We just don’t want to have to work! She could work part-time to pay for the rest of her
expenses or full-time and have all that income for other things. I asked her how that would make her
feel if everything from her home to transportation was paid for without her working for the rest of her
life. “Extraordinary!” she said. “That’s an achievable goal. That’s something I could figure out how
to make happen.” I said, “Exactly!” And what you could see in her eyes was a sense of certainty, and
because she was certain, she had a reason to act.
I reminded her, “By the way, this doesn’t have to be your ultimate goal. It might be your short-term
goal.” For some people, all they want is financial security, like someone in a later stage of life who
may have taken a hit in 2008. For someone who is middle-aged or young, you’ll blow through this
goal—as long as you know what your number is and you act upon the seven steps of this book.
If you’re wondering, by the way, how long it would take to accumulate whatever your security
number is, take heart. You don’t have to do this calculation. We’ll do it in the next chapter, “What’s
Your Plan?,” and if you want, the app will calculate the number for you. Together we’ll create three
plans: a conservative plan, a moderate plan, and an aggressive plan. And you’ll decide which of
these plans are most manageable and achievable.
Remember the aspiring billionaire? His annual income for financial security was a mere $79,000.
A far cry from the billionaire neighborhood. Your number might be higher or lower. All you need to
know now is the annual income you need to achieve financial security. If you haven’t already done
it, calculate the numbers on the app or do it right here now.
1. Rent or mortgage payment:
$____ per month
2. Food, household:
$____ per month
3. Gas, electric, water, phone:
$____ per month
$____ per month
5. Insurance payments:
$____ per month
$____ per month
7. Total basic monthly expenses: _______ × 12 = __________ per year
By the way, we can’t go on to the next goal without talking about something that’s a simple
requirement, not a dream. And it’s something almost everybody should be able to achieve relatively
quickly, though few people have it in place: an emergency/protection fund. According to a
Princeton University–University of Chicago study in 2014, 40% of Americans say they couldn’t
come up with $2,000 if they needed it. Yikes! That’s terrifying! Why do we need to have an
emergency supply of cash on hand? What if there’s an unexpected interruption in your income flow? It
happens in almost everybody’s life at some point. An interruption can be a health problem, it can be a
problem with your business, it can mean being displaced from a job. So you need some money to
cover yourself for somewhere between three to 12 months. But for most people, three months is too
short a time, while 12 months may seem like a lot. So perhaps you start by putting aside a few
months’ overhead, and gradually build toward six or 12 months’ worth. Wouldn’t it be wonderful to
know that if something happened, you had a year to be able to get yourself back on track? You’d still
have a roof overhead, food in the cupboard, and the bills would get paid.
Again, this goal is not for an annual income for life. Once you have that, you’re set. This goal is
just emergency cash to protect you until you develop a large enough nest egg to take care of yourself
every year for the rest of your life without working, no matter what happens.
How much do you need? Well, you know what your monthly overhead is. So write down that
number and memorize it. Again, you can do this exercise on the app, and the number will be saved for
you and always available at a glance in your pocket. My friend Angela, who set aside 10% of her
salary to build her money machine, started looking into her spending patterns to find more savings.
Remember how she realized it was cheaper to buy a brand-new car than to keep fixing her old one?
Well, she also found a way to set aside an additional 8% to build her emergency protection fund. She
completed her goal, and now she sleeps much better at night! If you haven’t already, it’s crucial you
set up an emergency fund. (And I guarantee you’ll have some great new ideas on how to do this after
reading chapters 3.3 and 3.4, “Speed It Up.”) Keep that amount in cash or in a safe place like an
FDIC-insured bank account.
Now let’s move on to the next level of dreams. With security achieved, let’s look at:
What do I mean by vitality? This goal is a mile marker on your path to Financial Independence and
Freedom. You’re not all the way there yet, but it’s the place where you can be secure and also have
some extras thrown in that you can enjoy without having to work.
What do you pay for clothing every month? Is it $100? $500? $1,000? How about for entertainment
(cable TV, movies, concert tickets)? How about going out for dinner? Is it Chili’s or Nobu tonight?
So for food and entertainment, are you shelling out $200 a month or $2,000 plus? How about small
indulgences or little luxuries like a gym membership, a manicure or massage, or monthly golf dues? Is
it $50, $500, or $1,000 plus? Whatever it is for you, how would it feel if half of those costs were
already covered without having to work, for the rest of your life? That’s what happens when you
reach Financial Vitality. Sounds like something worth celebrating, doesn’t it?
Here’s how to calculate your Financial Vitality:
1. Half of your current monthly clothing costs
2. Half of your current monthly dining and entertainment costs
3. Half of your current small indulgence or little luxury costs
4. Total additional monthly income for vitality
5. You already know your monthly Financial Security number (line 6
from page 216), so add that here
6. Total monthly income necessary for Vitality
7. Now multiply that by 12 and you’ll have the annual amount you
need for financial vitality:
$____ per month
$____ per month
$____ per month
$____ per month
$____ per month
$____ per month
$____ × 12 =
__________ per year
Again, just type in these figures, and all of this math will be done for you on the app.
Pop the champagne, because when you’ve reached Financial Independence, you no longer have to
work to have the same lifestyle you have today! The annual interest earned on the return from your
savings and investments (your Freedom Fund) will provide you with the income that you need—while
you sleep. You are now truly financially independent; that is, independent of work. How amazing
would that feel? What kind of peace of mind would that bring you and your family?
Financial Independence means that money is now your slave—you are not the slave to money.
Money works for you; you don’t work for it. If you don’t like your job, you can tell your boss to shove
it. Or you can keep right on working with a smile on your face and a song in your heart, knowing that
you’re working because you want to, not because you have to.
So let’s figure out how much money it would take to maintain your current lifestyle. This number
might be really easy to calculate because, unfortunately, most people spend as much as they earn! Or
sometimes more than they earn! If you made $100,000 and you spent $100,000 that year (including
paying your taxes) just to maintain your lifestyle, your financial independence is $100,000. If you
spend less than you earn, congratulations! Unfortunately, you are the exception, not the rule. So if it
costs you only $80,000 to live, on a $100,000 salary, then $80,000 a year is what you need to be
So what’s your Financial Independence number?
Go to the app or write it here now: $_______.
Remember, clarity is power. When your brain knows a real number, your conscious mind will
figure out a way to get there. You now know the income you need to be financially secure, vital, and
independent. So let’s see what happens when your dreams get bigger.
Dare to live the dreams you have dreamed for yourself.
—RALPH WALDO EMERSON
Let me tell you the story of Ron and Michelle, a couple I met at one of the seminars I hold every year
at my resort in Fiji. They were in their mid-30s, with two small children. Successful people, they
owned a small business in Colorado. Ron was great at running their business, but neither of them paid
attention to their household finances. (That’s why he was in Fiji attending my Business Mastery event,
to grow his business 30% to 130%.) Their accountant drew up personal financial statements for them
every month, but they never bothered to look at them! No wonder they were having trouble
envisioning the life that they wanted—which turned out to be a life of contribution.
When I asked Ron what he needed to be financially set, as I asked the young would-be billionaire,
his number was $20 million. I wanted to prove to him it could be a lot lower than that and still have
an extraordinary quality of life for him and his family, so I walked the couple through what they
actually spent every month. (Bear in mind that, as business owners, Ron and Michelle’s annual
household income is clearly higher than the average American’s.)
First we started with Financial Security, and he told me his five numbers:
Mortgage on their main home
$6,000 per month
$1,500 per month
$1,200 per month
$2,000 per month
$ 750 per month
$11,450 × 12 = $137,400 per year
So for Financial Security, all they needed was $137,400 in income per year. Well within their reach!
By the way, if Ron wanted to know how much he would need to accumulate in his nest egg or his
Freedom Fund, most financial planners would tell him to multiply his annual income number by 10, or
even 15. But today, with such low returns on safe, secure investments, that’s not realistic. Remember,
on the way up the mountain (the accumulation phase), you might put your investments in an aggressive
portfolio that could give you 7% to 10%. On the way back down the mountain (the decumulation
phase), you will want your investments in a secure and less volatile environment, where by nature